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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net loss $ (8,261) $ (4,268)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,003 1,274
Gain on sale of fixed assets (142) (21)
Non-cash interest 218 189
Stock-based compensation 2,138 1,056
Provision for reserve on accounts receivable 178 225
Provision for excess and obsolete inventory 388 243
Other 1 3
Changes in operating assets and liabilities, net of the effects of the acquisition:    
Accounts receivable (688) (3,116)
Inventories (4,130) (1,733)
Prepaid and other assets (469) (330)
Accounts payable (15) 954
Accrued liabilities (2,064) 758
Net cash used in operating activities (10,843) (4,766)
Investing activities:    
Purchases of property and equipment (1,337) (870)
Proceeds from sale of fixed assets 183 55
Acquisition of Surgalign SPV, Inc. (17,000)
Net cash used in investing activities (1,154) (17,815)
Financing activities:    
Payments on financing leases (32) (30)
Borrowings on line of credit 59,565 36,256
Repayments on line of credit (52,288) (34,603)
Proceeds from issuance of long term debt 5,000 5,000
Debt issuance costs (615) (101)
Payment of taxes from withholding of common stock on vesting of restricted stock units (17)
Net cash provided by financing activities 11,613 6,522
Effect of exchange rate changes on cash and cash equivalents and restricted cash (61)
Net change in cash and cash equivalents and restricted cash (445) (16,059)
Cash and cash equivalents and restricted cash at beginning of period 5,923 20,507
Cash and cash equivalents and restricted cash at end of period 5,478 4,448
Reconciliation of cash and cash equivalents and restricted cash reported in the condensed consolidated balance sheets    
Cash and cash equivalents 5,379 4,138
Restricted cash 99 310
Total cash and restricted cash reported in condensed consolidated balance sheets $ 5,478 $ 4,448